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Economic changes brought by industrialization during gilded age
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Gilded age 1878-1889 was the age of fast growth of industry and immigrants in America history. The production of steel and iron rose radically than other time. In contrast, the Western resources increased such as silver,lumber, and gold. As well as the transportation also improved. Railroad develop and move goods from resources rich west to east.
The Gilded Age truly revolutionized American consumerism and commerce. This change, both positive and negative, was due to the extreme desire of businessmen and investors to achieve maximum profit. During the Chicago World Fair, at least temporarily, the economy boomed as investors sought to create new hotels, restaurants, and other public venues that would profit off of the large amount of visitors. Investors and businessmen constantly thought of new ways and strategies to attract consumers and more importantly, capital. A clear example of the new strategies employed by investors was the selling of water from Waukesha at the World Fair.
The Gilded Age soared up from the 1870’s to around ! 900 and everything changed. Technology surged and began to move everything along at a rapid pace. There was corruptness in the government and big businesses started to take over. These companies only sought out for wealth, power, and land.
Although big business during the Gilded Age improved the economy and the availability of goods for the American people, it did not improve politics due to the corruptness of politicians, requiring citizens to push reforms to restore democracy. Big businesses relieved economic stress of the American people during the Gilded
The Gilded Age served as a critical role in shaping the American economy throughout the 18th and 19th centuries. Cities became flooded with immigrants and workers which created a pool of cheap labor. Railroads expanded, connecting the nation’s major cities and generating a nationwide marketplace. During this time, much of the rapid growth that occurred was led by inventions that were created. There was also a few who used this change to their advantage and created business empires.
The Gilded Age, named by Mark Twain, lasted from the 1870’s to about 1900. It was a time of rapid economic growth and is also known as the “Progressive Era”. Many industries skyrocketed at this time such as the railroad, coal, steel, oil, meat, sugar, farm machinery, electricity, and petroleum industries. Products were now being mass produced, therefore, the price of living decreased. People developed an appreciation for art, theatre, and many other forms of expression and entertainment.
The gilded age, changed America rapidly. Several entrepreneurs made America what it is today. In just thirty or more years, innovations changed the way businesses were ran and men would become rich. Americas major innovations was the continental railroad, oil,and steel. Vanderbilt was the richest man; he controlled the railroads.
The Gilded Age was a time of new beginnings; new buildings, new jobs, and, most importantly, a new corrupt system. On the surface, this age was a major breakthrough for the United States. Steel and iron production rose and led to the creation of bridges, railroads, and skyscrapers. But under these shiny advancements are millions of poor, overworked, African American and immigrant workers. So while the Gilded Age heavily impacted the United States, it also forced thousands of people to work in unsafe, life-threatening conditions while covering up a corrupt system.
The impact it had on the gilded age was the number of jobs it provided to the fresh-in immigrants. Vanderbilt knew that he could hire immigrants and they would work for not that much money and with these new railroads america will be shrunk for easier expansion of the immigrants.
This played a crucial role in driving economic growth and modernization during the Gilded age, which made the United States a global economic power. However, it also created significant social and economic inequality, many business leaders amassed great wealth and power to the point they pretty much had control over the government, while working conditions for laborers remained poor and wages remained low without any care as to their workers condition. Therefore despite their positive impact on the American economy, business leaders' also had negative consequences for society, as they led to the concentration of wealth and power in the hands of a few individuals and perpetuated poor working conditions and low wages for the majority of Americans. Overall, while the actions of business leaders during the Gilded Age played a crucial role in driving economic growth and modernization, they also contributed to significant social and economic inequality in
The Gilded Age's political, social, and economic types resulted in a rise in populist changes in the United States in the late nineteenth century. The uneven distribution of wealth and the exploitation of labor were two major factors in populist reform throughout this period. By pushing economic and political changes that would improve the working class and shift income from the wealthy elite to the general community, the populist movement wanted to address these problems. The United States had a period of fast economic growth during the Gilded Age, which extended from the 1870s through the 1890s. But because of the uneven distribution of this increase, the great majority of people did not greatly profit from it.
Jessica HillisMr. GillardAP US History5 January 2007Essay 16: Gilded AgeThroughout history, certain periods of time have been given certain names based on thehappenings that occurred. Many have called the period of 1865 to 1901 the “Gilded Age”, be-cause it was “shiny and pretty” on the outside but it was “rough and ugly” underneath. The term“Gilded Age” was actually coined by Mark Twain who satired the Gilded Age with a GoldenAge.
In the Gilded Age, negative effects were passed on in the Industrial Revolution. Today in 2016, we recognize the struggles and conditions people had to face. Unfortunately, it still exists in the form of immigration, living conditions, and equal amount of pay. Immigrants came to America for freedom, opportunity, and a fresh start. Pay, labor and space availability affected many people because of the overcrowding.
What was the Gilded Age and why did Mark Twain refer to it as such? To help understand this question, one must know the meaning of the word gild. Per Merriam Webster, the term gild means to “to give an attractive but often deceptive appearance to” (Gild, n.d.). After the Civil War the American people had become tired of all the corruption and simply wanted to see an end to it and to have a stable economy. The Gilded Age was fashioned to be prosperous times for all Americans, promising wealth, and an end to past political corruption.
The Gilded Age was to describe America in the late nineteenth century. The outside of the US seemed glamorous and splendid alongside industrial development and massive economic growth. However, the dark sides were hidden beneath it. In my perspective, I believe we are living in the 2nd Gilded age.
